What should you select in the Function Arguments dialog to specify the value range for NPV?

In the context of calculating Net Present Value (NPV) using the Function Arguments dialog in spreadsheet programs, the value range for NPV is crucial as it represents the series of cash flows that will be discounted over time. The cash flows are typically captured in what the function refers to as the "Value1 input."

The "Value1 input" is specifically designed to include the initial cash inflow or investment along with subsequent cash flows that will be used to calculate the NPV. The function requires this range to effectively assess the viability of an investment by determining the expected returns based on the specified discount rate. In this case, "Value1" is where you will input the range of cash flow values necessary for an accurate NPV calculation.

Other options like "Value2," "Amount," or "Investment" do not directly relate to the series of cash flows necessary for NPV calculations in the function's context, thus emphasizing the importance of correctly identifying "Value1" as the input needed for specifying the value range for NPV.